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Matthew E. Poff, the Chief Financial Officer of York Water Co (NASDAQ:YORW), recently acquired additional shares of the company. According to a filing with the Securities and Exchange Commission, Poff purchased 3.926 shares of common stock at a price of $33.1123 per share, totaling approximately $129. The utility company, currently valued at $505.5 million, has maintained strong financial performance with impressive gross profit margins of 74%.
This acquisition was part of The York Water Company dividend reinvestment plan, which allows participants to reinvest dividends by purchasing additional shares. The company has maintained dividend payments for 52 consecutive years, with a current yield of 2.5%. Following this transaction, Poff’s direct ownership in the company increased to 6,859.527 shares. InvestingPro analysis reveals 6 additional key insights about York Water’s financial health and valuation metrics, available to subscribers.
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